SA performs dismally in latest World Talent Ranking
20 Nov 2018 - by Staff reporter
For the fifth year in a row, Switzerland took top position followed by Denmark in the IMD World Talent Ranking 2018. Norway, Austria and the Netherlands make up the top five.
South Africa performed dismally, coming in at 50 out of 63 countries, and dropping two places from last year.
“Since 2014, the Talent Ranking has assessed how the 63 economies we study develop, attract and retain highly skilled professionals,” said Arturo Bris, director of the IMD World Competitiveness Center. “Cultivating a skilled and educated workforce is crucial to strengthening competitiveness and achieving long-term prosperity, particularly in the current dynamic landscape where artificial intelligence, robotics and other new technologies constantly redefine the challenges that governments, businesses and society in general will have to face in the future,”. “This year the most successful countries in talent competitiveness are mainly European, mid-size economies. Moreover, these countries share high levels of investment in education and quality of life,” concludes Arturo Bris.
The assessment is based on three factors: investment and development, appeal, and readiness. These factors include indicators that capture the resources invested in developing local talent, the extent to which a country attracts and retains talent, and the quality of skills available in the talent pool.